Global Construction Equipment Market . The report will give the past market trends from 2015-2020 and forecast from 2021 to 2027 by considering 2020 a differently. The report forecast that market for Construction Equipment will reach to XX Bn by 2027 and has given the regional break up by countries.
Global Construction Equipment Market size was valued at US$ 120 Bn. in 2020 and the total revenue is expected to grow at 5% CAGR through 2021 to 2027, reaching nearly US$ 169 Bn.
Global Construction Equipment Market Overview:
Construction equipment is machinery made specifically for the purpose of carrying out construction projects. Mechanically, construction equipment is strong and long-lasting. Construction equipment reduces the reliance on human labour and saves a significant amount of time and effort.
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The report has covered the market drivers and different strategies implemented by key players for expansion and to retain their client base by focusing on market leaders, market followers and new entrants in the market or region. The drivers of the market and revenue of each key players in each segment are analysed to give deep insights in brief to make user understand the market scenario in less time. While forecasting for each year, rational behind forecast are given that are supposed to drive or restrain the market. Focus on each players and their sales by unit by brand make this report unique in the industry.
The Construction Equipment market faced several challenges in 2020 including Covid lock-down and sudden decrease in demand however, the demand is expected to normalize in 2021 and is expected to pick up in 2022, which is covered in the report.
Scope of the Global Construction Equipment Market :
Global Construction Equipment Market Key Players
• Hitachi Construction Machinery
• Hitachi Construction Machinery
• Atlas Copco
• Deere & Company
• CASE Construction Equipment
• Ammann Group
• Hamm AG
• Martin Trailer Company
• MBW Inc.
• Thetford International
• Altrad Belle
• CNH Industrial America LLC
The report has profiled key players in the market by their size and presence by regions. Since, there are limitation to profile all the kay player, representation is given to companies by region, sales revenue, expenditure on technology, expansion plans, investments received, involved in M&A.
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